Turkish consumer confidence down in December

By Mucahithan Avcioglu

ISTANBUL (AA) — Consumer confidence in Türkiye declined in December, with the index falling 1.8% from the previous month to 83.5 points, official data showed Friday.

According to the Turkish Statistical Institute (TurkStat), the index dropped 1.5 points month-on-month, reversing November’s increase, when consumer confidence had risen by 1.4 points to 85.

The sub-index measuring households’ current financial situation fell 2.4% in December compared with the previous month, while expectations for household financial conditions over the next 12 months declined 0.6%.

Expectations for spending on durable goods over the next 12 months dropped 2.3% on a monthly basis.

Meanwhile, expectations for the general economic situation over the next year decreased 1.8% in December.

The consumer confidence index is considered a key indicator of economic sentiment, reflecting households’ views on financial conditions, the broader economy, and spending intentions.